Empowered Patient Podcast Transparency of Provider Information Needs to Include Personalized Cost Estimates and Care Options with Nate Maslak Ribbon Health
Nate Maslak is the CEO and Co-Founder of Ribbon Health, which is a healthcare data platform to power patient care decisions, including price transparency for all services. Their unique technological approach incorporates data from across the entire healthcare ecosystem. It uses predictive analytics, AI, and machine learning to determine accurate information while allowing patients to contribute data back into the system.
Nate explains, "The overall technology focuses on being able to provide the right information on a provider at the right moment in time, so whenever/wherever somebody's seeking care. And the number of problems that exist in provider data is shocking, and sometimes I feel like they are infinite. So just starting with something as basic as the provider directory, so phone numbers, addresses. What is the specialty of this provider?"
"That information out there today is about 45% accurate, which is terrifying because that doesn't even start to hit on some other elements that are hard to get across. So Ribbon helps solve that. We're also then enabling other solutions to be able to show which insurance plan a given provider accepts down to the plan name and network level. And then, we layer on provider performance and cost-effectiveness, and price transparency."
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